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>Imagining a capitalist system composed of all rational actors, this problem would disappear completely. Yes, because it's pretty easy to imagine a functioning
by pytester 7y ago
>Imagining a capitalist system composed of all rational actors, this problem would disappear completely.
Yes, because it's pretty easy to imagine a functioning social system based upon people not being people.
>that's expecting too much of capitalism.
That irrational behavior in the wasteful allocation of resources doesn't generate a negative feedback loop that causes even more waste?
- solipsism 7y agoThat irrational behavior in the wasteful allocation of resources doesn't generate a negative feedback loop that causes even more waste? Who said it didn't? I think you're missing my point. The irrational behavior is a flaw. But it's not fair to call it a structural flaw of capitalism. The flaw is prior to capitalism. It's like saying toilets are flawed because people piss on the seat.